- Ethereum gained 35% in 4 weeks; 28-day rally pattern may trigger post-Bitcoin’s $123K ATH per historical cycles.
- $11M spot inflows hit exchanges with ETH moving to cold storage: accumulation suggests conviction for extended gains.
Ethereum increased 35% over four weeks, rising over 10% in the last day. This price movement corresponds with funds moving from Bitcoin to Ethereum. Analyst Joao Wedson noted a recurring event sequence: Ethereum typically gains 28 days after Bitcoin reaches its peak price.
Historical patterns confirm this observation. When Bitcoin hit $19,000 in 2017, Ethereum advanced over 100% while Bitcoin decreased 30%. Similar occurrences took place in 2021 when Bitcoin surpassed $68,000.
Bitcoin touched $123,000 on July 14 before pulling back
If the sequence repeats, Ethereum could begin climbing soon. The Ethereum-to-Bitcoin price chart currently forms higher peaks, indicating money entering Ethereum. This chart approaches a resistance level at $0.02938. Failure to exceed this point might send the trading pair toward $0.02605 to $0.02540.
A trend analysis tool shows conditions supporting higher prices. The upward indicator reached 100%, while the downward measure remained at 7.18%. This setup frequently signals positive momentum. Another technical approach also suggests strength.
Shorter time-frame averages crossed above the 100-day average. Full confirmation would occur if these averages clear the 200-day level. Such movement might lead to losses for sellers near current resistance.
Major Ethereum Developments as of Mid-July 2025
- Proto-Danksharding (EIP-4844): Cut blob data costs on L2 chains by 65%, enabling sub-penny fees for rollup transactions.
- ETH ETFs: BlackRock and Fidelity’s ETH ETFs now exceed $2.5 billion in weekly volume, drawing institutional capital into spot markets.
- Stateless Clients: Vitalik Buterin confirmed stateless execution clients are being prepared for Ethereum’s Phase 2, improving validator performance and decentralization.
- zkSync & Scroll: Both L2s have achieved full EVM equivalence, increasing developer portability and lowering gas fees by over 90%.
- Staking Growth: ETH staking has exceeded 35 million tokens, driven by institutional players using Coinbase Prime, Anchorage, and BitGo.
The EIP-4844 (proto-danksharding) upgrade recently reduced Layer 2 transaction data costs by 65%, lowering fees across rollups like Arbitrum, Optimism, and zkSync. This is directly boosting usability for games, DeFi, and stablecoins.
The ETH supply remains deflationary, with most ETH locked in staking contracts or Layer 2 bridges. Over 35 million ETH is now staked, further reducing liquid supply and increasing scarcity pressures.
Technical alignment currently favors Ethereum’s advancement
Chart formations and fund movements create a supportive environment. However, the resistance level at $0.02938 requires monitoring. A successful pass through this barrier would strengthen the bullish case.
Failure might extend consolidation before continuation. Historical precedents offer reference points but don’t guarantee outcomes. Market participants weigh these factors while observing real-time developments.
